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HomeTechBesi's Q3 orders miss estimates as auto, China offset AI growth

Besi’s Q3 orders miss estimates as auto, China offset AI growth

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(Reuters) – Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) reported new orders for the third-quarter on Thursday that missed expectations, saying strong growth in computing end-user markets was partially offset by persisting weakness in automotive and Chinese end user markets.

The computing end-user markets include hybrid bonding, photonics and other artificial intelligence applications.

The chip assembly equipment maker’s order bookings fell 18% quarter on quarter to 151.8 million euros ($163.81 million) in the three months to September end, compared with an estimate of 177 million euros cited by Visible Alpha analysts.

($1 = 0.9267 euros)

(Reporting by Dagmarah Mackos; Editing by Janane Venkatraman)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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